Forecast for the Week
- Personal Income, Personal Spending and the inflation-reading Personal Consumption Expenditures will be released on Monday.
- Housing numbers will be seen in Tuesday’s S&P/Case-Shiller Home Price Index and Wednesday’s Pending Home Sales.
- Consumer Confidence will also be reported on Tuesday.
- Look for manufacturing data from the Chicago PMI on Wednesday and the ISM Index on Thursday.
- Also on Wednesday, the first of two key labor market reports will be delivered via the ADP National Employment Report.
- As usual, weekly Initial Jobless Claims will be reported on Thursday.
- The second reading from second quarter Productivity will also be released on Thursday.
- Ending the week, the August Jobs Report comes out on Friday, which includes Non-farm Payrolls, Hourly Earnings and the Unemployment Rate.
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve. In contrast, strong economic news normally has the opposite result. The chart below shows Mortgage Backed Securities (MBS), which are the type of Bond on which home loan rates are based.
When you see these Bond prices moving higher, it means home loan rates are improving. When Bond prices are moving lower, home loan rates are getting worse.
To go one step further, a red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes are on any given day, this can cause rate changes throughout the day, as well as on the rate sheets we start with each morning.
The Mortgage Market Guide View…
Hate Networking? Try These Instead.
Not everyone thrives on networking events. For some people, these events can feel downright awkward. Here are a few alternatives to traditional networking that can still help you make meaningful, business-building connections:
Meetup.com allows you to organize or join groups and clubs for just about any profession, hobby or social interest. Meetup helps organize event calendars, discussion threads and more. Some groups may charge a member or “chip in” fee. The best part is that if you can’t find a Meetup you’re interested in, it’s easy to gather some people and organize your own . Meetup organizer pricing starts at $9.99 per month for a group of 4 leaders and up to 50 members.
VolunteerMatch.org can help you find a cause or non-profit you care about, and introduce you to other likeminded people. Once you’ve established your reputation with an organization, set your sights on joining the board to network with other board members.
Workshops, civic clubs, alumni connections or other small groups are perfect environments for developing relationships. While a common topic may bring you together, new business connections will be only one of many organic results.
LinkedIn Groups provide a way to leverage social networking and build your reputation as a thought leader. Spend some time getting to know the best ways to contribute to conversations by joining existing discussions or posing timely, thought-provoking questions to your professional group, and then jump in.
Ask for introductions. Let friends, family and colleagues know you are looking to meet people in a specific profession or with a certain skill set. Then ask for introductions via email, social media or in person.
To make meaningful business connections, you don’t have to throw yourself into a mix-and-mingle event. Give the above options a try.
Please feel free to pass these helpful tips along to your team, clients and colleagues.
Sources: Entrepreneur, Idealist Careers
Economic Calendar for the Week of August 29 – September 02
Date
|
ET
|
Economic Report
|
For
|
Estimate
|
Actual
|
Prior
|
Impact
|
Mon. August 29 |
08:30
|
Personal Income |
Jul
|
NA
|
0.2%
|
Moderate
|
|
Mon. August 29 |
08:30
|
Personal Consumption Expenditures and Core PCE |
YOY
|
NA
|
1.6%
|
HIGH
|
|
Mon. August 29 |
08:30
|
Personal Consumption Expenditures and Core PCE |
Jul
|
NA
|
0.1%
|
HIGH
|
|
Mon. August 29 |
08:30
|
Personal Spending |
Jul
|
NA
|
0.4%
|
Moderate
|
|
Tue. August 30 |
09:00
|
S&P/Case-Shiller Home Price Index |
Jun
|
NA
|
5.2%
|
Moderate
|
|
Tue. August 30 |
10:00
|
Consumer Confidence |
Aug
|
NA
|
97.3
|
Moderate
|
|
Wed. August 31 |
08:15
|
ADP National Employment Report |
Aug
|
NA
|
179K
|
HIGH
|
|
Wed. August 31 |
09:45
|
Chicago PMI |
Aug
|
NA
|
55.8
|
HIGH
|
|
Wed. August 31 |
10:00
|
Pending Home Sales |
Jul
|
NA
|
0.2%
|
Moderate
|
|
Thu. September 01 |
08:30
|
Productivity |
Q2
|
NA
|
-0.5%
|
Moderate
|
|
Thu. September 01 |
08:30
|
Jobless Claims (Initial) |
8/27
|
NA
|
261K
|
Moderate
|
|
Thu. September 01 |
10:00
|
ISM Index |
Aug
|
NA
|
52.6
|
HIGH
|
|
Fri. September 02 |
08:30
|
Non-farm Payrolls |
Aug
|
NA
|
255K
|
HIGH
|
|
Fri. September 02 |
08:30
|
Unemployment Rate |
Aug
|
NA
|
4.9%
|
HIGH
|
|
Fri. September 02 |
08:30
|
Hourly Earnings |
Aug
|
NA
|
0.3%
|
HIGH
|
|
Fri. September 02 |
08:30
|
Average Work Week |
Aug
|
NA
|
34.5
|
HIGH
|
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